Question

Statement (1): Household income is the subject matter of macroeconomics.

Statement (2): National Income is a microeconomic study.

Options

• Both statements are true.

• Both statements are false.

• Statement 1 is true, Statement 2 is false.

• Statement 2 is true, Statement 1 is false.

Answer 1

Both statements are false.

Explanation:

• Statement 1 is false because household income is studied under microeconomics, not macroeconomics.
• Statement 2 is false because national income is a macroeconomic study, not microeconomic.